Wedbush Has Negative Forecast for SIMO Q2 Earnings

Silicon Motion Technology Co. (NASDAQ:SIMO - Free Report) - Stock analysts at Wedbush dropped their Q2 2025 earnings estimates for shares of Silicon Motion Technology in a note issued to investors on Wednesday, April 30th. Wedbush analyst M. Bryson now anticipates that the semiconductor producer will post earnings of $0.38 per share for the quarter, down from their prior forecast of $0.47. Wedbush currently has a "Outperform" rating and a $90.00 price target on the stock. The consensus estimate for Silicon Motion Technology's current full-year earnings is $3.08 per share. Wedbush also issued estimates for Silicon Motion Technology's Q3 2025 earnings at $0.86 EPS, Q1 2026 earnings at $0.95 EPS and Q3 2026 earnings at $1.33 EPS.

Other equities research analysts also recently issued research reports about the stock. Needham & Company LLC cut their target price on shares of Silicon Motion Technology from $70.00 to $65.00 and set a "buy" rating for the company in a research report on Wednesday, April 30th. Bank of America upgraded Silicon Motion Technology from an "underperform" rating to a "neutral" rating and set a $47.00 price objective for the company in a report on Wednesday, April 23rd. B. Riley boosted their target price on Silicon Motion Technology from $70.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, StockNews.com downgraded Silicon Motion Technology from a "buy" rating to a "hold" rating in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $75.88.

Silicon Motion Technology Stock Performance

Shares of SIMO stock traded up $0.18 during trading on Friday, hitting $52.67. 110,346 shares of the company were exchanged, compared to its average volume of 369,222. The business's 50-day simple moving average is $48.20 and its 200 day simple moving average is $52.49. Silicon Motion Technology has a twelve month low of $37.21 and a twelve month high of $85.87. The firm has a market capitalization of $1.79 billion, a price-to-earnings ratio of 19.65, a P/E/G ratio of 1.36 and a beta of 0.72.

Silicon Motion Technology (NASDAQ:SIMO - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The semiconductor producer reported $0.60 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.16. Silicon Motion Technology had a return on equity of 11.63% and a net margin of 11.29%. The firm had revenue of $166.49 million for the quarter, compared to analyst estimates of $162.69 million. During the same period in the previous year, the firm earned $0.64 earnings per share. Silicon Motion Technology's quarterly revenue was down 12.1% on a year-over-year basis.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in Silicon Motion Technology by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 35,948 shares of the semiconductor producer's stock valued at $2,183,000 after buying an additional 253 shares during the last quarter. Quadrant Capital Group LLC increased its position in Silicon Motion Technology by 7.2% during the fourth quarter. Quadrant Capital Group LLC now owns 3,959 shares of the semiconductor producer's stock worth $214,000 after acquiring an additional 267 shares during the period. Twinbeech Capital LP lifted its position in shares of Silicon Motion Technology by 4.2% in the 4th quarter. Twinbeech Capital LP now owns 10,773 shares of the semiconductor producer's stock worth $582,000 after acquiring an additional 438 shares during the period. Parallel Advisors LLC grew its holdings in shares of Silicon Motion Technology by 61.8% during the 1st quarter. Parallel Advisors LLC now owns 1,152 shares of the semiconductor producer's stock worth $58,000 after purchasing an additional 440 shares in the last quarter. Finally, Rhumbline Advisers increased its position in shares of Silicon Motion Technology by 8.7% during the fourth quarter. Rhumbline Advisers now owns 5,668 shares of the semiconductor producer's stock valued at $306,000 after purchasing an additional 453 shares during the period. Institutional investors own 78.02% of the company's stock.

Silicon Motion Technology announced that its Board of Directors has initiated a stock buyback plan on Wednesday, February 5th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the semiconductor producer to reacquire up to 2.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's board of directors believes its stock is undervalued.

Silicon Motion Technology Company Profile

Silicon Motion Technology Corporation, together with its subsidiaries, designs, develops, and markets NAND flash controllers for solid-state storage devices. The company offers controllers for computing-grade solid state drives (SSDs), which are used in PCs and other client devices; enterprise-grade SSDs used in data centers; eMMC and UFS mobile embedded storage for use in smartphones and IoT devices; flash memory cards and flash drives for use in expandable storage; and specialized SSDs that are used in industrial, commercial, and automotive applications.